Ultimate EA SETTINGS

Ultimate EA SETTINGS

8 November 2017, 10:02
Vertex Investments LLC
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Advisor Settings| Strategies List | Built-in Patterns


1. Pattern Settings

  • Pattern TimeFrame - working timeframe. For example if you set value H1, the robot will use it, no matter what TF setted in MT4 strategy tester. 
  • Fractal Left Side Bars - minimum quantity of bars on the left side of the fractal. (patterns №1 and №5)
  • Fractal Right Side Bars - minimum quantity of bars on the right side of the fractal. (patterns №1 and №5)
  • Initial Hour - pattern №2 and №6 measuring start hour. Set -1 to measuring all day long.  
  • Bars To Analyze - bars quantity to range measuring. (for patterns №2 and №6) 
  • ATR Period - period of the Average True Range indicator, for calculating average range. (for patterns №2 and №6) 
  • ATR Percent - percent of the Average True Range indicator, for calculating compare values. (for patterns №2 and №6)
  • Bollinger Bands Period - period of the Bollinger Bands indicator, for calculating average price. (for patterns №3 and №7) 
  • Bollinger Bands Deviation - factor for Standard Deviation. Uses for calculating price range boundaries. (for patterns №3 and №7)
  • Price Channel Length - bars range for searching highest/lowest prices. (for patterns №4 and №8) 
  • PCh Left Side Confirm Bars - minimum quantity of bars on the left side of the extremum. (for patterns №4 and №8) 
  • PCh Right Side Confirm Bars - minimum quantity of bars on the right side of the extremum. (for patterns №4 and №8)


2. TP/SL Settings

  • TP Value - TakeProfit value, set value > 0 if you want to use Pips TakeProfit. Set value < 0 if you want to set TP as some percentage of ATR (average daily range). 
  • SL Value - StopLoss value, set value > 0 if you want to use Pips StopLoss. Set value < 0 if you want to set SL as some percentage of ATR (average daily range).
  • TP/SL ATR Period - period for calculating ATR. (if using %ATR TP/SL)

  • Trailing Stop Pips - pips step, to pull up trailing stop. (if = 0 then disable trailing stop)
  • Breakeven - pips of profit, after reaching which, stoploss will be moved to breakeven. (if = 0 then disable breakeven)
  • TimeStop - choose time stop mode:

    1. Disable
    2. Stop Anyway after some time
    3. Stop after some time, only if trade now in the profit zone

  • TimeStop Value (hours) - hours to time stop. (may Not be an integer)


3. Filters Settings

  • MA Trend Filter - choose Moving Average filter mode:

    1. Disable
    2. Trend Filter
    3. Counter-trend filter

  • MA Period - Moving Average period.
  • Trade Open Pips Filter - In order to optimize, you can shift the opening level by a certain number of points, in both directions. For example, if you want to move the buystop order by 10 points down, then write -10 in the corresponding field. If you need to move buystop by 10 points up, then set the value +10.
  • Trading Start/Stop Hour - You can allow trading, only at the specific time. Set the start hour and the stop hour.
  • Volatility Filter - choose volatility filter mode:

    1. Disable
    2. Forbid trades during periods of Low volatility
    3. Forbid trades during periods of High volatility 

  • RSI Trend Filter - choose RSI indicator filter mode:

    1. Disable
    2. Trend filter
    3. Counter-trend filter

  • RSI Period - period for calculating RSI indicator.
  • RSI Value - an up and down offset from the 50 value. Transactions above and below calculated values will be allowed.
  • Long/Short filter - choose long/short filter mode:

    1. All trades allowed 
    2. Only Long trades allowed
    3. Only Short trades allowed

  • Days Of Week Filter - allow or forbid trades at the specific days of week.


4. Other Settings


  • Trade Lot - set Trading lot. 
  • Lot by Balance - if you use a lot calculation according to a balance, it is necessary to set a value over zero, thus pointing on what deposit rate should suit a lot rate, which is set in Trade_Lot variable. 
  • Max. acceptable spread -  maximum acceptable spread.  
  • Magic Number - a unique number, which adviser gives to an order for its further identification. Using the adviser in a trading on different strategies and different symbols set different numbers. 
  • Orders Comment - comment to an order. May be any comment. 


Advisor Settings| Strategies List | Built-in Patterns

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